Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
The UAE stock markets reported mixed trading on Monday as global markets continued to tumble due to unexpectedly strong US jobs data, which reinforced expectations of prolonged elevated interest rates in the world's largest economy.
Abu Dhabi Securities Exchange’s (ADX) general index — FADGI — was down by 0.382%, reaching 9,459.18 points. A total of 21,334 trades were recorded, involving 269 million shares with a combined value of Dh1.032 billion.
The total market capitalisation of all companies listed on the ADX reached Dh2.972 trillion. Out of the 87 companies traded at the ADX, share prices of 25 companies rose, while 45 declined, and 17 remained unchanged.
Most of the top-traded shares traded flat, with Multiply Group shares closing 3.3% higher, while FAB ended 2% lower.
Top gainers included Rapco Investment (+14.01%), National Co. for Building Materials (+9.57%), Ooredoo(+4.7%) and Alpha Dhabi (+3.36%), while notable losers were National Takaful (-9.70%), National Bank of Fujairah (-8.77%) and Hayah Insurance (-7.34%).
DFM
The Dubai Financial Market’s (DFM) general index (DFMGI) was up by 0.08% to reach 5232.5.
A total of 14,335 trades were executed at the DFM, involving 273 million shares with a combined value of Dh648 million.
The prices of 21 companies rose, while 20 declined, and nine remained unchanged.
Among the top gainers were Aramex (+14.72%), International Financial Advisors (+7.62%) and Takaful Emirates (+6.57%). The most notable losers included Mazaya Holding (-4.10%), Emirates Reem Investments (-2.88%), Emaar (-1.92%) and Dubai Islamic Insurance (-1.78%).
Aramex surged 14.7%, as Abu Dhabi’s sovereign wealth fund ADQ launched takeover bid for the courier firm.
